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Related Party Transaction | 12 Months Ended
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Dec. 31, 2024
Related Party Transaction [Abstract] |
RELATED PARTY TRANSACTION | 16. RELATED PARTY TRANSACTION As of December 31, 2024, the amount due to the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Ming Yi |  | $ | 8,871 |  |  | Chief Financial Officer of the Company |  | Accrued expenses, interest free and payment on demand.
Shanchun Huang |  |  | 29,036 |  |  | Member of the BOD,.,Legal person of FTFT UK Limited |  | Accrued expenses, interest free and payment on demand.
Total |  | $ | 37,907 |  |  |  |  |
As of December 31, 2024, the amount due from the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Hu Li |  | $ | 20,000 |  |  | Legal person of Future information service (shenZhen) |  | Loan receivables*, interest free and payment on demand.
Total |  | $ | 20,000 |  |  |  |  |
During 2024, the Company had the following transactions with related parties:
Name |  | Amount |  |  | Relationship |  | Note
JKNDC Limited |  | $ | 6,933,009 |  |  | JKNDC LImited’s owner is Tsoi Tsz Leung. |  | Consultancy fee
Nice Talent Partner Limited |  |  | 3,000,000 |  |  | Controlled by NTAM’s BOD CHAN Siu Kei |  | Consultancy fee
As of December 31, 2023, the amount due to the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Chao Li |  | $ | 73,893 |  |  | Corporate legal representative |  | Other payables, interest free and payment on demand.
Ming Yi |  |  | 29,513 |  |  | Chief Financial Officer of the Company |  | Accrued expenses, interest free and payment on demand.
Xiaochen Zhao |  |  | 124 |  |  | Corporate legal representative |  | Accrued expenses, interest free and payment on demand.
Total |  | $ | 103,530 |  |  |  |  |
As of December 31, 2023, the amount due from the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Kai Xu |  | $ | 12,151 |  |  | Deputy General Manager of a subsidiary of the Company |  | Loan receivables*, interest free and payment on demand.
Total |  | $ | 12,151 |  |  |  |  |
During 2023, the Company had the following transactions with related parties:
Name |  | Amount |  |  | Relationship |  | Note
JKNDC Limited |  | $ | 7,664 |  |  | JKNDC LImited’s owner is Tsoi Tsz Leung. |  | Other income, net
Nice Talent Partner Limited |  |  | 459,867 |  |  | Controlled by NTAM’s BOD CHAN Siu Kei |  | Consultancy fee
* | The related party transactions have been approved by the Company’s Audit Committee.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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